It's the <span>prisoner's dilemma.</span>
Hope this satisfies your query! Have a good one :)
Customer's perceptions set the price ceiling - if they see the price as too high they won't buy it, demand will fall, and so will the equilibrium price. Their perception on the fairness of the price will affect how high the price can go before losing sales.
If increasing numbers of consumers decide to purchase organically farmed fruit rather than conventionally farmed fruit, how the market is likely to respond is: Conventional fruit profits will fall.
<h3>What is Conventionally farming?</h3>
Conventional farming can be defined as the process of farming fruits and vegetables.
Based on the given scenario in a situation were high number of consumer bought organic farmed fruit instead of conventional farmed fruit, this means that profit for conventional fruit will declined.
Therefore how the market is likely to respond is: Conventional fruit profits will fall.
Learn more about Conventionally farming here:brainly.com/question/2566678
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Yes, yes (si, si) yis yis
Answer:
these are the options in the question,
a. Global vision
b. Global marketing
c. Outsourcing
d. Inshoring
and the correct answer is Global Vision.
Global vision refers to looking at the international opportunities to market our products and company by identifying and analyzing international cultures, political occurrences and economic changes.
Explanation:
